S.Amdt. 751

1. Adds SEC. __. REPORT ON THE ABUSE OF TAX-EXEMPT STATUS BY CHARITABLE ORGANIZATIONS wherever appropriate

   Adds a section

   Inserted: SEC. __. REPORT ON THE ABUSE OF TAX-EXEMPT STATUS BY CHARITABLE ORGANIZATIONS.

   Inserted: Not later than 120 days after the date of the enactment of this Act, the Secretary of Treasury, or the Secretary's delegate, shall submit to Congress a report on organizations that are described in section 501(c)(3) of the Internal Revenue Code of 1986 and exempt from tax under section 501(a) of the Internal Revenue Code of 1986. Such report shall include information on the following:

   Inserted: (1) The number of such organizations at the time of the report and the number of organizations 10 years prior to that time.

   Inserted: (2) The number of such organizations that have had the exemption from tax under section 501(a) of the Internal Revenue Code of 1986 revoked in each year after 2007.

   Inserted: (3) The number and nature of allegations of problems made to the Internal Revenue Service with respect to such organizations that were founded by prominent athletes, and a description of any actions taken by the Internal Revenue Service in response to any such allegations.

   Inserted: (4) A description of the challenges to the Internal Revenue Services in overseeing such organizations.

   Inserted: (5) The number of criminal investigations of such organizations conducted by the Internal Revenue Service during the period beginning in 2010 and ending on the date the report is submitted.

   Inserted: (6) An explanation of any problems the Internal Revenue Service has had with United States Attorneys in prosecuting any criminal violations by such organizations.

   The amendment doesn't say where this goes; the clerk decides.

   Original wording

   At the appropriate place, insert the following:

Read automatically from the Congressional Record. Check the original before relying on it.

As printed